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to avoid the fiscal cliff. one you might see a benefit in the your paychecks next year. >> the president is cutting the number of parties for the inauguration. we'll ted you what is different. >> we'll tell you >> you're watching abc 7 news at 6:00. >> despite a major defeat over plan b speaker john boehner is encouraging republicans to work with democrats to avoid the fiscal cliff. this comes a day after president obama said he will pursue a less am by shougs budget deal with republicans. there is good news no matter what congress does to address the problem, it is too late for employers to with hold income taxes from paychecks next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the
that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy with a gun is a good guy with a gun. >> reporter: he was pushing a different solution. >> there are
speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rates will go up on every american taxpayer and devastating the defense cuts will go into effect in 10 days. >> reporter: his bill would have extended tax rates for households making a million dollars a year. the president put the threshold at $400,000. the white house and democrats here on capitol hill are frustrated that speaker boehner spent the last several days pushing plan b instead of focusing on a bigger compromise. >> nobody can get 100% of what they want and this is not simply a contest between parties in terms of who looks good and who doesn't. >> reporter: disagreements over how much to raise taxes and cut spending continue to separat
to avoid the fiscal cliff. the president said he hoped any deal to avoid the fiscal cliff would also include and extension of unemployment insurance and lay this is about 7 minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. i remain committed to working towards that goal, whether it happens all at once, or whet
the collapse of efforts to avoid the fiscal cliff, all sides were speaker boehner tried to shift that burden, saying democrats unemployment insurance to be extended. >> we can't cut our way to prosperity we need real economic growth. and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter: voters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring families together and many would like to see that happen at the national level as well
up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. wh
called on congress to solution. to avoid some end- of- the year tax hikes. due to the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown continues. house and senate members have already recessed for the holidays. >> president obama will nominate senator john kerry as the next secretary of state. he made the announcement at the white house today. current secretary of state hillary clinton is stepping down in january.u-n ambassador susan rice was reportedly on the short list, but took herself off it, citing a "
toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really startingo recover and starting to see optimistic signs and we have seen actually some upside to from a wole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: presdent obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still faceis share of heat for washington this function to may point republicans are hammering. >> the u.s. economy is estate here. mil
after what has been an arduous both campaign, election and now, an effort to avoid the fiscal cliff, he may decide to linger for a few extra days but there the president is. they're buttoning up and getting read to take off on richly-earned vacation, the first family. >>> a former marine jailed in mexico for entering the country with an antique shotgun will be released from pris we're to tonight and should be home in time for christmas. he is 27-year-old jon hammar. he served in ira and afghanistan. he has been behind bars in mexico since august! a mexican judge ruled to free him today from a notorious prison conolled by drug cartels just 15 miles south of the mexico-u.s. border. credit to hammar's congresswoman and for intervening on his behalf and to our colleague, bill o'reilly, for loudly advocating for hammar's release. >>> while secretary clinton con have lesses from concussion, president obama is not standing on ceremony. president kerry, you're up. "the a-team" is next. >>> who else could be a gun owner while creating all sorts of anti-gun propaganda in his movies and then, fina
of avoiding the fiscal cliff. called on lawmakers to compromi compromise, to get a deal done. he acknowledged time has run out for getting a larger package. what they need to focus on now is getting a smaller deal that will avoid taxes from going up on middle class americans. meanwhile, a very rough friday for house speaker john boehner, really spent most of the day, explaining what has been views as a political blow, when on thursday, many republicans refused to back his plan b. that is speaker boehner's alternative plan for avoiding the fiscal cliff and called for allowing rates to go up on those making $1 million or more. here is a little more of what house speaker john boehner and president obama had to say on friday. take a listen. >> we have a number of our members who didn't want to be perceived as having raised taxes. >> i expect democrats and republicans to get back to washington and have it pass both chambers. and i had immediately sign that legislation into law, before january 1st of next year. >> >>. >> reporter: now, lawmakers are expected to return to washington after the christ
days left for congress and the white house to make a deal and avoid the so-called fiscal cliff. the first family arriving in hawaii for the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unv
. the plan b to avoid a fiscal crisis an abandoned. is there a plan c or are we headed off the cliff? our panel weighs in when we come back. juice or fancy wate. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. that's the cold truth! [ breathes deeply ] awesome. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through de
: as lawmakers head home for the holidays, no deal in sight to avoid the fiscal cliff. we'll debate whether it is possible now to come up with a win-win for both parties. now that republicans plan b is off the table. >> heather: santa's elves helping folks with their holiday haul, how one business is making sure people never have to tie their trees to their car again. ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part o
the fiscal cliff that was after he had to cancel a vote on his own plan because his own members would not support it president obama says he just told speaker boehner and senate majority leader harry reid exactly what to do, and he says they can get it done. before automatic spending cuts and tax hikes kick in on new year's day. ed henry live at the white house. ed? so what's the president's new plan? >> well, harris, the president said he came into the briefing room and said maybe is he a hopeless optimist but is he a new slim down three point plan that he says can pass in 10 days. basically extend tax cuts for 98% of americans. he said both parties agree with that extend unemployment benefits for 2 million americans. those are expiring about a week after christmas. that's a big problem. and then he says come back and do spending cuts and deficit reduction in the new year. he is telling lawmakers take a few days off. relax over the holidays and maybe we'll all come together. take a listen. >> sing some christmas carols, enjoy the company of loved ones. and then i would ask every memb
fails to sell his colleagues on his plan to avoid the fiscal cliff. so what now? >> rather than face her own moral failings the media demonized lawful gun owners, amplify their cries for more laws and fill the national media with misinformation and dishonest thinking. >> and the nra breaks its silence for the first time since the massacre in newtown, connecticut. and blasts the media for glorifying violence. caution, you are about to enter the no spin zone, the factor begins right now. >> hi, everyone, i'm laura ingraham in for bill o'reilly. thanks for watching us tonight. just days before christmas. we begin with the best possible news. 27-year-old corporal john hammar, a former marine, who has been locked up in a mexican prison on a trumped up charge since august looking forward to spending christmas as a free man. a mexican judge ordered his release this morning after the factor launched a campaign for justifiable. hammar was arrested in matamoros mexico. he was following directions by declaring the gun to it mexican authorities. bill o'reilly who has been aggressively pursuing justi
of the fiscal cliff. mr. president, the fiscal cliff needs to be avoided. in the meantime, the speaker should bring the middle class tax cut passed by the senate for a holiday. we know what past. all he needs to do is let democrats vote with some republicans. it will pass. the clock is ticking until the nation goes over the fiscal cliff and taxes go up for every american. it is time for the spigot to put on the brakes and avoid that cliff the west for the speaker to put on the brakes and avoid that cliff. the senate passed a bill will protect 19% -- small businesses from a crippling tax the 1-90% of small businesses from a crippling -- 90% of small businesses from a crippling tax increase. the only reason the speaker has not brought the bill to the senate is that he knows it will pass. host: your thoughts about what the majority leader had to say. guest: it is true that the speaker has passed a tax bill out of the house that would avoid the fiscal cliff. the senator's bill would protect 98% of americans from a tax increase. it is not fair to say one side is not compromising and the other is.
a possible agreement to avoid the fiscal cliff. the president says it would protect middle-class americans from a tax hike, extend unemployment benefits and set a framework for future debt reduction steps. that announcement came after he met with congressional leader. lawmakers will only have a few days to make aeal after they return from christmas break. president obama also announcing john kerry to replace hillary clinton as secretary of state. president obama credited him with playing a central role in every major foreign policy debate for nearly 30 years and called on the senate to swiftly confirm his nomination. >>> we are waiting for word on the status of this man, the u.s. veteran jailed in mexico on weapons charges after declaring an antique shotgun at the border. his name is john hammer and his family said mexico's ambassador to the u.s. told him he will be released today. anderson, back to you. >> well, that's certainly good news. we talked to his family last week. they were hugely concerned so we'll be following that closely. susan, thanks. there are obviously going to be more f
the fiscal cliff. the president says it would protect middle-class americans from a tax hike, extend unemployment benefits and set a framework for future debt reduction steps. that announcement came after he met with congressional leader. lawmakers will only have a few days to make a deal after they return from christmas break. president obama also announcing john kerry to replace hillary clinton as secretary of state. senator kerry currently chairs the foreign relations committee. president obama credited him with playing a central role in every major foreign policy debate for nearly 30 years and called on the senate to swiftly confirm his nomination. the u.s. marine veteran jailed in mexico on weapons charges is back in the u.s. tonight. his release comes from his mother. he was arrested four months ago after declaring an antique shotgun at the border. mexican authorities said the weapon did not comply with their gun laws. anderson. >> there are obviously going to be more funerals in newtown this weekend. another funeral just tomorrow as monsignor weiss is going to be officiating a
on a deal to avoid the fiscal cliff. the president remains optimistic a deal can get done if both sides are willing to compromise. >> nobody can get 100% of what they want. and this is not simply a contest between parties but in terms whof looks good and who doesn't. they're world consequences to what did he we do here. >> he says is he ready and willing to get a package done measure with spending cuts. president comments came after house speaker accused him of being less than truthful about at approach to the negotiation autos he wants more spending and more tax hikes. that will hurt our kme. he won't deal honestly with entitlement reform and big issues facing our country. v negotiations but influence remains in question after he failed to get his fellow republicans to back his plan b proposal last night. >> we're on storm watch. here is a look at live doppler 7 hd, which is tracking the storm moving through now. sandhya patel is next with how long the rain will last. >> and not a lot of christmas spirit, police used extreme measures to break up fighting over a new pair of sneaker auto
john boehner to come back to the negotiating table and avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> the remarks came after speaker boehner failed to gather enough of his party's support to bring his so-called plan b to the floor for a vote. his proposal would have effectively raised taxes only on those americans making more than a million dollars a year. house and senate members will be back at the capital on december 27th looking for that solution. >>> wall street worried about the "fiscal cliff" talks, stocks closed sharply lower today. the dow dropped more than 120 points. the nasdaq fell 29 points. the s&p dropped, as well. >>> california cannot stop people from using the so-called conversion therapy to try to turn gay minors straight. the federal appeals court issued an emergency order late this afternoon putting the law banning the therapy on hold. the law was the first of its kind set to take effect january 1. licensed counselors and two families who say their teenaged sons have benefited from it sought the injun
republicans should return to negotiating table and work with democrats that avoids the fiscal cliff all together. republicans should support passing a bill that extends tax cuts for families up to $250,000 and delays the so-called sequester while we negotiate additional policies next year. but the bottom line is moving forward will require cooperation from speaker boehner and senator mechanic connell. we hope they'll return from christmas ready to coop rate. >> well, you know, senator reid can try to fill that vacuum. but he controls one-half of one of the two bodies in congress. it still boils down to this dynamic that hasn't changed now for a year and a half. the democrats, and you've got to include reid and the president, are negotiating with a side led by john boehner who, despite whatever he may want to do himself, can't bring together his own team. he's being held hostage by his own kau cuss. now, i wrote this in the book i had about the last time we went through this a year and a half ago, that mitch mcconnell is one of the craftiest negotiators on capitol hill. last year, when w
boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday to try to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get their work done. thank you so much. have a great holiday. gerri: is back to the negotiating table. but have republicans lost their leverage? americans for tax reform, we have matti doppler. let's start with you. how much time can we spend spinning our wheels today we met nancy pe
a bill, any bill to avoid the fiscal cliff? >> well, alex, i'm one of the vote counters for the democrats. i sent a letter to speaker boehner yesterday. you need to you a ban don the idea that you have to have a majority of the majority to pass legislation. in other words, speaker boehner said here's my plan. and forget you, democrats, and i'm just going to pass it with my caucus and then -- his tea party rebelled against him. what i think he should do, come to the democratic leadership, put together a coalition in the middle, moderate republicans, moderate democrats, and we could come to an agreement and we could pass it. this idea that -- >> where might that agreement come? i'm going to ask my director to put up we have would full screens on the basics. where there are areas that could be discussed for some level of commonality. where do you think that might come, that compromise? >> let me give you an example. the president says no tax cuts for people making over $250,000. speaker boehner says a million dollars. find some common ground in between that. and then look at the cuts. speake
in the next week washington will find a way to avoid this fiscal cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination. the economy right now warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy, grew by an annual rate of 3.1% over the summer. that's more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growt
. lawmakers need to compromise but he also made clear as of right now when it comes to the fiscal cliff and avoiding it, there is no deal. >> so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. enjoy company of loved ones. and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. think about the hardship that some americans will endure if congress does nothing at all. >> it was just a few minutes after the president left the podium that the white house announced he, along with the first lady and his daughters would fly to hawaii for vacation, but, before he left town, yesterday morning, the top republican in the senate, mitch mcconnell said there is the stalemate. since there is a stalemate. it's the commander and chief's job to figure out how to get that compromise that he just said would benefit everyone.
left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax increase for most americans. ten days is enough time to make a deal if republicans and democrats each decide to give some more ground. but tonight there are no such signs. that leaves millions of holiday shoppers tonight spending money against a paycheck that may soon get noticeably smaller. we'll dig down on how this could affect your bottom line. but first, let's find out where negotiations stand. nbc's kristen welker is traveling with the president in honolulu. hello, kristen. >> reporter: lester, good evening. president obama played a round of golf this afternoon but white house officials say this is also a working vacation for him and for his staffers. that is little comfort for the millions of americans wondering what the uncertainty in washington means for them. president obama arriving in hawaii after leaving a washington in disarray. while the president put politics aside for his weekly address -- >> m
coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for the larger reform. so if we're looking for specific details here, not a whole lot of them. this is coming up with almost an emergency solution. we know that president obama did speak by phone with speaker john boehner yesterday, met at the white house with democrat harry reid. however, publicly what is being said sounds a whole lot like it has over the past couple of weeks, which tells us, randi, we're not exactly sure if we're going to get something worked out in the next few days. >> yeah, that's the question, of course. are we any closer? and i guess we don't really know. what about for workers? will they see any extra taxes coming out of their paychecks right on january 1st if there isn't a deal? >> you know, im
on republicans to at least extend the middle class tax cuts to avoid the fiscal cliff. those folks, families making under 250,0 a year, kept up the pressure on republicans to at least do that and that, we may see that happen,elissa because, listen, there are some republicans on the hill who think, heard it from senator corker, who said, hey, let's just do that but let's get to entitlement reform and real spending cuts when w get to the debt ceiling in february and march. we might, i can't rule out that might happen but right now, there is no deal. melia: all right. peter. thank you so much for that, thanks fo sticking around. for more analysis of president the's remarks let's bring back our money power panel. kimberly foss, scott martin and steve hayes. steve, as i was listening to that i felt taxes go up, didn't you? i just, you can feel it in your bones. it is a-come inch. >> this is what the profit wants. you heard himbout unemployment insurance, extending that. you heard about the taxes above 250, going up. this is basically sort of the bare bones of president obama's wish-list. i think
to avoid going over the fiscal cliff. congress taking off for their christmas break without striking a deal, leaving them days when they return. the president and the house speaker, john boehner encouraging both sides to try to get the job done. >> president barack obama: we move forward together or don't move forward at all. so, as we leave town for a few days, to be with our families, for the holidays, i hope it gives everybody perspective. >> we proposed plans over and over again, the democrats used to support, but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house and democrats continue to run washington. >> rick: a democratic political consultant, former advisor to hillary clinton's 2008 presidential campaign, and a former media spokesperson for president george w. bush. welcome to you both and what a mess. mercedes, if you are speaker boehner, do you want to sit back and let the president and democrats on the hill run this show? >> well, unfortunately, that is the only option left, at this point the fate of the fiscal cliff li
. there are ten days left now for congress and the white house to make a deal and avoid the so-called fiscal cliff. neither the president nor lawmakers are in washington. first family is in hawaii, and congress members have gone home for the christmas holiday. before he left, president obama urged congress to approve a scaled down proposal he says would prevent middle-class tax hikes and extend unemployment benefits. we may not see any movement until thursday when both sides may be back in washington. >>> a former u.s. marine who was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to work from u.s. senator big nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he said u.s. officials is told him it was okay to cross the border with the gun seen here. mexican officials accused him of violating their law. >>> california's controversial gay therapy ban has been halted. there's an injunction blocking the ban. some say conversion or so-called reparative therapy can turn a gay pers
goes over the fiscal cliff and taxes go up for every family in america. but there is still time for the speaker to hit the brakes and avoid that cliff. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates should not go up for the other 98% of americans, which includes 97% of small businesses. every member of congress believes that. every democrat. every republican. so there is absolutely no reason, none, not to protect these americans from a tax hike. at the very least let's agree right now on what we already agree on. let's get that done. >> the house of representatives now stands in recess until thursday, december 27th. just four days before we step off that fiscal curb. this week, the office of management and budget issued guidance to government agencies outlining the potential impact of the $1.2 trillion in budget cuts, which will start to take effect on january first, if congress does not act. joining me now is ezra klein, columnist for "the washing
to avoid the fiscal cliff. members of congress have left washington to be home for the christmas holiday. earlier we spoke to a republican house member. now we're talking with congresswoman marcy cap tore an ohio democrat. joining us from detroit. first, congresswoman, let's listen to what speaker boehner had to say about the situation. >> we've got differences, but the corrupt's got big spending problems. we've got to the get serious about addressing them. >> he also said taxes should not go up in anyone's -- the first million dollars of income that anyone makes. how do you respond on the spending cut side of things and why do you disagree with his tax break plan? >> well, we need both and we need no more division. the american people want unity. the speaker and i both come from the state of ohio. you know it was battleground ohio a few weeks ago before the election. president obama won. the president wants to reach an agreement. we would like speaker boehner along with those in his own party who oppose him to come forward with a proposal that they agree on. our are problem is on the re
Search Results 0 to 49 of about 55 (some duplicates have been removed)